Prime long term NNN solid golf credit of Publix corporate.
14+ years remaining on initial term.
Assumable 2.85% financing!
6%+ Cash on Cash return, year 1 while on IO.
Income increases in subsequent terms, 5% every 5 years for 40 years.
Built in Publix customer base with 350 apartment units in same building above the store.
350 unit Apartment Building was purchased by an Investment Company for $134M in 2021.
Premium A+ real estate in Charleston Medical Center District!
Location Summary
LIFE - WITH A NEW EDGE
As Part of Charleston's West Side, the 350 unit WestEdge is a new extension of a thriving, established community - of beloved parks, athletic fields, schools, stadiums, hotels, and award-winning research hospitals and universities. Surrounded by the Medical University of South Carolina, Roper St. Francis Healthcare, the College of Charleston, and The Citadel, WestEdge is the next generation of research and discovery districts - driven by a desire to be ever more livable, ever more accessible, and ever more connected. The plan includes design and public access elements that create a walkable, healthy ambiance for the community. A bright, active main street forms the heart of the district, with a 52,606sf Publix Super Market, shops, restaurants, and outdoor cafes. And a network of pedestrian, bike and auto cross connections will link the peninsula's greater West Side community to the waterfront at Brittlebank Park.
